The main benefits of the new legislation were:

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July 2015 Legislation
On 9 July 2015 the Cyprus House of Representatives approved new tax laws which provide significant benefits to high-net-worth individuals relocating to Cyprus. It is since this time that Cyprus has operated a non-dom regime.


Special Defence Tax (SDC) exemption for Cypriot non-domiciled tax residents
Extension of the personal income tax reduction on the salaries of new residents
Capital gains tax exemption: on newly acquired Cyprus immoveable property
Reduction in land registry fees
Corporation tax: notional interest reduction
The Definition of Residence and Non-Domicile in Cyprus for SDC Purposes
In July 2017, the Cyprus Government voted for an amendment, establishing a new kuwait mobile database “60 day rule”. This new rule applies to individuals who, in the relevant tax year:
reside in Cyprus for at least 60 days.
operate/run a business in Cyprus or are employed in Cyprus or are directors of companies which are taxed in Cyprus. Individuals must also have a residential property which they own or rent.
are not tax resident in another country.
do not reside in any other single country for a period exceeding 183 days in aggregate.
If individuals physically reside in Cyprus for more than 183 days in one calendar year, they are considered Cyprus tax resident. This is known as the “183 day rule”.

If the applicant satisfies either the “183 day rule” or the “60 day rule” and becomes tax resident in Cyprus (but not domiciled there), the tax benefits detailed above can be enjoyed.